Chaarat Gold Holdings (LON: CGH) gained shareholder approval to leave AIM on Thursday. This is expected to happen on 16 August and there will be a matched bargains facility on Asset Match. Yet, the share price has soared 88.9% to 0.255p, having more than doubled at one point, although it remains well below the level when the departure plan was announced.
Kazera Global (LON: KZG) has secured loan facilities with its two largest shareholders, Richard Jennings and Tracarta Ltd, totalling £500,000. This will fund the cash cost of recent stake increases in diamond miner Deep Blue Minerals and heavy mineral sands miner Whale Head Minerals and provide them with working capital. The share price rose by one-quarter to 0.5p.
Natural resources data analyser and provider Getech (LON: GTC) has raised £1.5m at 2p/share and could generate up to £200,000 more from a retail offer. This will improve the balance sheet ahead of the planned sale of Nicholson House. The cost base is being reduced. There will be investment in the sales and business development teams, as well as in machine learning technology development. The share price recovered 22.2% to 2.2p.
Revolution Bars (LON: RBG) has received court approval for its restructuring plan. This means that some bars can be closed, and others will have rent reductions. There will be 65 bars and pubs left in operation. This should improve annualised EBITDA by £3.8m. The share price improved 18.2% to 1.3p.
Immunodiagnostics developer Oncimmune (LON: ONC) has won a major new contract worth at least $1.5m. This is with one of the top ten global pharma companies and will be delivered over the next six months, but most of the revenues will be in 2025. Oncimmune has gained the contract after showing that it can reliably profile IgE in blood serum. Oncimmune could move into profit in 2025. The share price is 11.6% higher at 12p.
Tan Delta Systems (LON: TAND) has entered into a product agreement with an engine manufacturer to develop a sensor to monitor coolants and water-based hydraulic solutions. The initial value of the agreement is £200,000, but it could increase to £2m. The share price increased 10% to 16.5p.
FALLERS
Hummingbird Resources (LON: HUM) says second quarter gold production at Yanfolila was 12,000 ounces, which was much lower than forecast. There was a change of mine plan and lower grades. Production at Kouroussa was better than expected and the production rate is still building up. All in costs were $2,598/ounce, which is more than the selling price, however, the full year figure should be below $1,500/ounce. Full year production guidance is 115,000-145,000 ounces. Yanfolila production will be lower than expected, while for Kouuroussa production has been raised to 50,000-70-000 ounces. A $10m loan has been secured and deferral of debt repayments is being discussed. The share price dropped 20.6% to 6.75p.
Oil and gas company Bowleven (LON: BLVN) plans to leave AIM and 58.3% shareholder Crown Ocean Capital is offering shareholders the chance to sell shares at 0.225p each up until 11 September. This offer is dependent on the departure from AIM being agreed at a general meeting on 28 August. Management believes that being private will give the company more flexibility and reduce costs. The share price fell 10% to 0.225p.
Future Metals (LON: FME) says executive chair Patrick Walta is transitioning to a part time role and his salary will be reduced from $30,000/month to $5,000/month. The company’s exploration programme will maintain its focus on its main drilling targets and assessing the potential of the Panton PGM project. The share price declined 8.33% to 0.825p.